Exhibit 12.1

MAGELLAN MIDSTREAM PARTNERS, L.P.

RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)

	Twelve Months Ended December 31,															Nine Months Ended September 30, 2007
	2002			2003			2004			2005			2006
EARNINGS:
Income from continuing operations before income taxes, extraordinary gain (loss) and cumulative effect of change in accounting principle*	$	107,495		$	88,169		$	108,601		$	156,379		$	189,404		$	168,787
Fixed charges		33,344			39,779			41,657			56,656			60,599			45,964
Amortization of capitalized interest		471			462			463			465			475			397
Distributed income of equity investees		—			—			—			3,300			4,125			3,375
Interest capitalized		(231	)		(102	)		(426	)		(817	)		(2,371	)		(3,193	)
Total earnings	$	141,079		$	128,308		$	150,295		$	215,983		$	252,232		$	215,330
FIXED CHARGES:
Interest expense	$	22,907		$	36,597		$	37,893		$	52,554		$	55,107		$	40,444
Interest capitalized		231			102			426			817			2,371			3,193
Debt placement fee amortization		9,950			2,830			3,056			2,871			2,681			1,973
Rent expense representative of interest factor		256			250			282			414			440			354
Total fixed charges	$	33,344		$	39,779		$	41,657		$	56,656		$	60,599		$	45,964
Ratio of earnings to fixed charges		4.2			3.2			3.6			3.8			4.2			4.7

* Excludes income from equity investments and minority interest expense.